Page 2 - Subrata Panda

Closer coordination among regulators key to NBFC stability: RBI DG

The RBI has implemented a scale-based regulatory framework for the NBFC sector, categorising them based on their scale of operations and potential interconnectedness

Credit card spends rise 14.5% in October on festive season purchases

Net addition in cards in October stood at 786,337

We want to create an all-weather franchise: Axis Bank's Amitabh Chaudhry

''Our ambition at that time was to become the number one player in our identified areas of businesses''

RBL Bank and Bajaj Finance end co-branded credit cards partnership

RBL Bank partnered with Bajaj Finance in 2016 to issue co-branded credit cards for a period of five years. The partnership was renewed for another five years in 2021

Deposit growth slightly outpaces credit growth at 11.21%: RBI data

Credit growth had been exceeding deposit growth since the fortnight ending March 25, 2022, leading to a widening gap that reached as much as 700 basis points (bps) at its peak

Bank of India, BoB mop up Rs 8,500 crore via bonds amid strong demand

SBI has raised Rs 50,000 crore through domestic bonds in FY25

100% FDI in insurance may attract global firms, boost competition: Experts

Six new players have entered the industry in the last few years, marking the first additions in the life insurance in over a decade and the first in the general and health insurance segments in nearly

HDFC Life reports data leak, begins investigation with security experts

Previously, Star Health and Allied Insurance had to launch a forensic investigation, led by independent cybersecurity experts, into a cyberattack it was subjected to

Bima Sugam's capital requirement goes up significantly to Rs 500 crore

During the two-day Bima Manthan held in Hyderabad, insurance companies were informed of the revised capital requirement for Bima Sugam, amounting to Rs 500 crore over 4-5 years

Forex reserves log sharpest weekly drop; fall $17.76 bn to hit 4-month low

The previous highest weekly fall in foreign exchange reserves was $15.5 billion, recorded for the week ended October 24, 2008, during the global financial crisis

Adani group: State Bank of India has Rs 33,800 cr exposure, shows data

Meanwhile, among private banks, who only 4 per cent share in Adani group's debt, Yes Bank, ICICI Bank, IDBI Bank, and IndusInd Bank, and others have substantial exposure to the group

Forward guidance loses steam in downward cycle: RBI's Deputy Governor Patra

Patra said that under heightened uncertainty, discretion in forward guidance has increasingly gained legitimacy among major central banks

Monetary policy must reflect uncertainty in decision-making: RBI's Patra

Monetary policy may be 98 per cent talk and only 2 per cent action, but the cost of sending the wrong message can be high, Patra cautioned

Insurance marketplace Bima Sugam's capital requirement to rise to Rs 500 cr

Digital platform will allow consumers to compare, purchase and manage life, health, general insurance products

Macroeconomic stability a joint effort, says RBI Governor Shaktikanta Das

Stable inflation is foundation for sustained growth, says Das

Adani bribery charge impact: Vedanta Resources defers dollar bond issue

India Inc. will likely continue to tap the dollar bond market in the long run, given the strong demand for high-yield papers

Hoping to match 165 years of progress in 5-6 years: CEO of HSBC India

Hitendra Dave spoke about the London-based bank's plans for India and how it aims to capitalize on the opportunities the country has to offer

No evidence of exchange rate policy hurting exports: RBI report

Rupee depreciated by 7.8 per cent during FY23 and by 1.4 per cent in FY24. And so far in FY25, it has depreciated by 1.5 per cent

Axis Bank, Bank of India eyeing to raise funds through AT-I bonds

In FY25 so far, banks have raised Rs 8,000 crore through perpetual bonds. In comparison, banks raised Rs 20,706 crore in FY24 and Rs 31,394 crore in FY23

Godrej Industries raises Rs 1,000 crore through NCDs in two tranches

Both issuances had a base size of Rs 250 crore and a green shoe option of another Rs 250 crore. The NCDs have been rated AA+ by domestic rating agencies CRISIL and ICRA